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Bobwins

11/15/14 1:14 PM

#34 RE: Philvb #33

Gulfslope has high potential but they need to find some quality JV partners and announce deals or there will be no drilling in 2015.

Offshore drilling, even at the shallow to mid level depths targeted by GSPE, is still expensive and their stated goal is to bring in bigger partners.

Obviously, if GSPE tried to raise enough money to drill themselves, it would be a disaster at current stock prices.


They need to announce a good partner soon who has the expertise AND the funds to drill and hit a good well. The early drilling will be crucial to regaining GSPE's share price.